supply and demand
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Written by:
Thomas W
Date added:
March 6, 2015
Level:
University
Grade:
A
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3 / 589
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(http://www.bized.ac.uk.stafsup/options/notes/econ207.htm) The factors that influence demand are: the price of the good, the income of consumers, the demand for alternative goods, which could be used (substitutes), the demand for goods used at the same time (complements); and whether people like the good (consumer taste)...
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(http://www.bized.ac.uk.stafsup/options/notes/econ207.htm) Demand was a positive factor for Goodlife Management when the population increased. The demand for two-bedroom apartments increased and there was no affect in the supply of the apartments. Demand also was a negative influence for Goodlife Management...
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